LTC Properties buys Wisconsin seniors housing community for $40 million at 7.2% cap rate
LTC•Funding and SHOP platform update
The acquisition was funded with proceeds from ATM equity sales. 2026 Q2 net proceeds totaled $154.7 million from 4,100,000 shares.
LTC said its SHOP platform has expanded to 37 properties, representing 35% of total gross real estate investments since launch in May 2025. Management expects to acquire another $95 million of SHOP communities within the next month.
LTC acquires Wisconsin seniors housing community
LTC Properties bought a Wisconsin seniors housing community for $40 million, adding 147 independent living, assisted living, and memory care units.
The deal was priced at an about 7.2% cap rate, with anticipated unlevered IRR in the low- to mid-teens.
